M:
Research
Spring/25 Regional New South Wales Residential
The Big Picture Regional New South Wales (NSW) counted 1.1% more people in the past year and was ahead of the long term forecast.
Residential property sales are trending down, average selling times are taking longer, while both new listings to market and overall total listings are tracking below a year ago.
The interest rate target has been lowered to 3.60% with the Reserve Bank of Australia anticipating a further reduction in next six months.
Property prices continue to climb, with further 5% price growth forecast for 2026.
Compared to a year ago, the construction of new residential homes in NSW was 2.2% lower, but building approvals were 13.4% higher.
The rental market remains undersupplied, pushing down residential vacancy. Over the coming year, rents are likely to remain elevated.